✨ Financial Statements
2686
NEW ZEALAND GAZETTE, No. 95
19 AUGUST 2014
4 Trust Funds Held
Trust funds relate to amounts held in trust for specific purposes. Funds are not discretionary as to their use.
| Opening Balance | Receipts | Payments | Closing Balance | |
|---|---|---|---|---|
| Heart Fund | 95 | - | - | 95 |
| Disaster Recovery Fund | 51,717 | - | - | 51,717 |
| Youth Fund | 5,500 | - | - | 5,500 |
| TOTAL | 57,312 | - | - | 57,312 |
5 Operating Lease Commitments – Lessor
The ground floor of the building is tenanted to a third party. Lease payments due until the next renewal date amount to $80,000. There is no fixed lease term for the portion of the building tenanted by the Foundation.
6 Property, Plant & Equipment
2014
| Asset | Cost Price | Depreciation | Accumulated Depreciation | Impairment | Book Value |
|---|---|---|---|---|---|
| $ | $ | 31-Mar-14 | $ | 31-Mar-14 | |
| Land and Buildings | 535,000 | 11,590 | 23,180 | (77,433) | 434,387 |
| Office Furniture and Equipment | 21,627 | 838 | 19,971 | - | 1,656 |
| 556,627 | 12,428 | 43,151 | (77,433) | 436,043 |
2013
| Asset | Cost Price | Depreciation | Accumulated Depreciation | Impairment | Book Value |
|---|---|---|---|---|---|
| $ | $ | 31-Mar-13 | $ | 31-Mar-13 | |
| Land and Buildings | 535,000 | 11,590 | 11,590 | - | 523,410 |
| Office Furniture and Equipment | 21,627 | 1,082 | 19,133 | - | 2,494 |
| 556,627 | 12,672 | 30,723 | - | 525,904 |
7 Capital Commitments
There were no capital commitments at balance date (2013: Nil).
8 Contingent Liabilities
There were no contingent liabilities at balance date (2013: Nil).
Next Page →
NZ Gazette 2014, No 95
✨ LLM interpretation of page content
💰
Whanganui Charitable Foundation Limited Notes to the Financial Statements for 2014
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Trust Funds, Operating Lease, Property, Capital Commitments, Contingent Liabilities, Whanganui Charitable Foundation, 2014